This property looks like a bad Mid-Term investment with a projected -5.12% first-year return on $163k initial cash invested.
-5.12%
Cash On Cash
5.93%
Cap Rate
0.88
DSCR
$5,499
Rent
-$695
Cashflow
Cash Flow
$5,499 income − $6,194 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,499
Total Expenses
$6,194
Mortgage P&I
71%
$3,883
Property Taxes
4%
$199
Home Insurance
4%
$242
HOA
0%
$0
Property Management
12%
$660
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$605